Russia’s assets frozen by Credit Suisse exceed official Swiss blocking amount

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pxhere.com
pxhere.com

The Swiss bank Credit Suisse has frozen Russian assets worth 17.6 billion francs (more than $19 billion). The amount of these funds significantly exceeds the official data on Russian property blocked in the country (7.5 billion francs), the newspapers Le Temps and Sonntags Zeitung reported.

The publications specify that the assets frozen by the bank account for a third of all Russian assets declared in the Swiss Confederation. At the same time, only 4 billion francs of this amount belong to persons included in the Swiss sanctions list.

The remaining 13.6 billion francs are funds owned by Russians who have fallen under restrictions in other states, as well as the Bank of Russia and the state. The asset freeze was made possible as Switzerland, which is not a member of the European Union, previously supported anti-Russian sanctions.

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